Topic: Why is Bitcoin more worth than other cryptocurrencies that have better specs? - page 2. (Read 1585 times)
October 10, 2019, 09:33:56 PM
The reason why people are using bitcoin more than the other available cryptocurrencies is that it is the older crypto and it has its reputation. It has been the most reliable and trusted crypto and it have been used for long. People tend to use what have been reliable to them, and they will definitely choose it rather than to take risk to the new coins available.
October 10, 2019, 04:18:20 AM
It is simply because bitcoin is the first cryptocurrency that became successful and used as an internet currency. It was the first digital currency widely accepted by people and not to mention the amount of money and opportunity it had brought to people, especially to those early investor of bitcoin.
October 10, 2019, 04:02:26 AM
maybe because bitcoin is the first coin and people might understand bitcoin earlier than other coins, so that's why we can say bitcoin is more valuable among other digital currencies. For now people are more focused on bitcoin than coins and other cryptocurrency whose security is not much different from the features of bitcoin.
October 06, 2019, 05:11:00 AM
Which Crypto is better than Bitcoin? None. Of course, until other cryptocurrencies are not doing well and not getting established like Bitcoin, There are some specific reasons behind this issue such as Most people know the first Bitcoin and then Blockchain and after then cryptocurrency, so it's the main difference between Bitcoin and another cryptocurrency, I know a lot of people don't have any idea about Blockchain or cryptocurrency but they know Bitcoin, so popularity is matter. another important reason is that Bitcoin is the father of cryptocurrency, so it has large acceptability around the world, also it has got credibility a lot in recent five-six years, not only that but also the price is the vital issue regarding this way, And also it should be considered that Bitcoin has brought to the people of an exceptional trading and saving pattern. so it also deserves special attention easily.
October 05, 2019, 09:53:25 PM
I don't think I agree with you on this. The basic reasons behind why bitcoin is more valuable than other cryptocurrencies are;
1. Bitcoin introduced blockchain technology which led to the introduction of other cryptocurrencies.
2. Bitcoin is the father and king of all cryptocurrencies.
3. Bitcoin introduced financial freedom to everybody no matter your social status.
1. Bitcoin introduced blockchain technology which led to the introduction of other cryptocurrencies.
2. Bitcoin is the father and king of all cryptocurrencies.
3. Bitcoin introduced financial freedom to everybody no matter your social status.
Might I add that not every specs in the specsheet are necessarily used by the vast majority of people going about looking their cryptocurrencies. For one, nobody really cares about the fancy mechanism and lavishing technical aspects of a cryptocurrency as long as they can be safe with it and their funds are not easily taken away from them. Also, it is not unknown for everyone that cryptocurrencies are being used mainly for trading and trading alone, nothing more (or I could be wrong here). Bitcoin fulfills the basic necessities of people choosing cryptocurrencies over fiat money, and its simplicity never ceases to catch the interest of the masses.
And also the value it created in the course of a decade, too.
October 05, 2019, 09:17:34 PM
One of the main reasons why Bitcoin has more worth than any other cryptocurrencies is because it has the proven track record to secure hundreds of billions of dollars ($269 billion as of Dec.8 ) without getting it lost to theft or accident.
If a person manages to successfully hack Bitcoin, he or she will easily top the Forbes’ Billionaires List at #1. And believe me, people have definitely tried to get this money that Bitcoin holds right now.
No other cryptocurrency has been held to the same amount of scrutiny and stress-test as Bitcoin. Let’s really test the limit of this technology.
Good or bad, I’m extremely excited what we will see in the future.
I hope you are too.
If a person manages to successfully hack Bitcoin, he or she will easily top the Forbes’ Billionaires List at #1. And believe me, people have definitely tried to get this money that Bitcoin holds right now.
No other cryptocurrency has been held to the same amount of scrutiny and stress-test as Bitcoin. Let’s really test the limit of this technology.
Good or bad, I’m extremely excited what we will see in the future.
I hope you are too.
It is not just the value that it secures for me that determines why Bitcoin became worthier than other cryptocurrency. Lets add the concept of the bitcoin's name, basically its a trademark that can easily remember by anyone since from the word bits which is related to computer, and coin means money. In short, bitcoins name contributed greatly from the success of it. In my opinion, satoshi's being anonymous is one of the thing that makes me wonder more about bitcoin, and be more curious about it.
October 05, 2019, 03:00:55 PM
I don't think I agree with you on this. The basic reasons behind why bitcoin is more valuable than other cryptocurrencies are;
1. Bitcoin introduced blockchain technology which led to the introduction of other cryptocurrencies.
2. Bitcoin is the father and king of all cryptocurrencies.
3. Bitcoin introduced financial freedom to everybody no matter your social status.
These are very well said, Well, in my own opinion and I think it's because Bitcoin is the first cryptocurrency the reason why is more worthy rather than other cryptocurrencies. Also, many people trust Bitcoin and there are a lot of demands for it even if the price drop down it is still number 1 and no one can replace it. Another conclusion, because bitcoin was an open-source code and there are many developers who try to have an improvement on it. 1. Bitcoin introduced blockchain technology which led to the introduction of other cryptocurrencies.
2. Bitcoin is the father and king of all cryptocurrencies.
3. Bitcoin introduced financial freedom to everybody no matter your social status.
October 05, 2019, 02:36:15 PM
One of the main reasons why Bitcoin has more worth than any other cryptocurrencies is because it has the proven track record to secure hundreds of billions of dollars ($269 billion as of Dec.8 ) without getting it lost to theft or accident.
If a person manages to successfully hack Bitcoin, he or she will easily top the Forbes’ Billionaires List at #1. And believe me, people have definitely tried to get this money that Bitcoin holds right now.
No other cryptocurrency has been held to the same amount of scrutiny and stress-test as Bitcoin. Let’s really test the limit of this technology.
Good or bad, I’m extremely excited what we will see in the future.
I hope you are too.
If a person manages to successfully hack Bitcoin, he or she will easily top the Forbes’ Billionaires List at #1. And believe me, people have definitely tried to get this money that Bitcoin holds right now.
No other cryptocurrency has been held to the same amount of scrutiny and stress-test as Bitcoin. Let’s really test the limit of this technology.
Good or bad, I’m extremely excited what we will see in the future.
I hope you are too.
If Bitcoin is hacked by someone and this person will be found, he will go to jail and not to the Forbes top list. And I'm sure that after the crack of Bitcoin, crypto will be depreciated, it will crash forever
Bitcoin will not be able to hack and even if you have supercomputer also you will not able to hack be crypto algorithm because security is the major concern on cryptocurrencies payment. If you find any problem in transactions there you might have missed it with incorrect information.
October 05, 2019, 02:12:29 PM
One of the main reasons why Bitcoin has more worth than any other cryptocurrencies is because it has the proven track record to secure hundreds of billions of dollars ($269 billion as of Dec.8 ) without getting it lost to theft or accident.
If a person manages to successfully hack Bitcoin, he or she will easily top the Forbes’ Billionaires List at #1. And believe me, people have definitely tried to get this money that Bitcoin holds right now.
No other cryptocurrency has been held to the same amount of scrutiny and stress-test as Bitcoin. Let’s really test the limit of this technology.
Good or bad, I’m extremely excited what we will see in the future.
I hope you are too.
If a person manages to successfully hack Bitcoin, he or she will easily top the Forbes’ Billionaires List at #1. And believe me, people have definitely tried to get this money that Bitcoin holds right now.
No other cryptocurrency has been held to the same amount of scrutiny and stress-test as Bitcoin. Let’s really test the limit of this technology.
Good or bad, I’m extremely excited what we will see in the future.
I hope you are too.
If Bitcoin is hacked by someone and this person will be found, he will go to jail and not to the Forbes top list. And I'm sure that after the crack of Bitcoin, crypto will be depreciated, it will crash forever
October 05, 2019, 01:27:23 PM
One of the main reasons why Bitcoin has more worth than any other cryptocurrencies is because it has the proven track record to secure hundreds of billions of dollars ($269 billion as of Dec.8 ) without getting it lost to theft or accident.
If a person manages to successfully hack Bitcoin, he or she will easily top the Forbes’ Billionaires List at #1. And believe me, people have definitely tried to get this money that Bitcoin holds right now.
No other cryptocurrency has been held to the same amount of scrutiny and stress-test as Bitcoin. Let’s really test the limit of this technology.
Good or bad, I’m extremely excited what we will see in the future.
I hope you are too.
If a person manages to successfully hack Bitcoin, he or she will easily top the Forbes’ Billionaires List at #1. And believe me, people have definitely tried to get this money that Bitcoin holds right now.
No other cryptocurrency has been held to the same amount of scrutiny and stress-test as Bitcoin. Let’s really test the limit of this technology.
Good or bad, I’m extremely excited what we will see in the future.
I hope you are too.
I don't think I agree with you on this. The basic reasons behind why bitcoin is more valuable than other cryptocurrencies are;
1. Bitcoin introduced blockchain technology which led to the introduction of other cryptocurrencies.
2. Bitcoin is the father and king of all cryptocurrencies.
3. Bitcoin introduced financial freedom to everybody no matter your social status.
October 05, 2019, 01:15:57 PM
Mind you short fluctuations can be devastating for Bitcoin holders as well. 3 days ago I had $1100 in btc, today it is less than $1000. Almost a $100 loss .. the bigger your holding .. the bigger you lose. Its crazy how much you lose when the prices in btc swing even just a little bit
Yes, it's true, but if you look at the altcoins that will be invested the same amount of money, then when they fall, the same percentage will be lost. So it doesn't mean anything. But Bitcoin is trusted more than any other altcoins, as it is time-tested.
October 05, 2019, 07:59:52 AM
ROFL... It is true that Bitcoin is not the most advanced cryptocurrency out there. After the creation of Bitcoin in 2009, we had the first second generation cryptocurrency in 2015 (Ethereum). And two years later, we had the first third generation cryptocurrency (Cardano). Now the question arises why they haven't replaced Bitcoin. The reason is that the users are not looking for a technologically better coin, but for a coin that can be trusted and is easy to use.
October 05, 2019, 07:13:38 AM
Other cryptoccurency may have better specs than bitcoin but the question is, do they have the trust bitcoin has? Regardless of the specs of the other coins, bitcoin has already survived ten years and was the first one to be successful. This is the reason why bitcoin gain so many trust and still have people's trust even though new coins keep showing up with better version. Some wouldn't risk on something new when they already knew whom they can trust... The success of bitcoin results to new other crypto popping up. Because bitcoin were able to survive, thinking they can beat bitcoin or can be successful just like bitcoin, they'll make their own coins with better specs... Without bitcoin, other cryptoccurency are nothing.
October 05, 2019, 06:19:35 AM
I agree with you, even bitcoin short fluctuations make many altcoins that cannot survive. fall and have no value.
this also proves us, that altcoin is easily influenced by bitcoin fluctuations.
this also proves us, that altcoin is easily influenced by bitcoin fluctuations.
Mind you short fluctuations can be devastating for Bitcoin holders as well. 3 days ago I had $1100 in btc, today it is less than $1000. Almost a $100 loss .. the bigger your holding .. the bigger you lose. Its crazy how much you lose when the prices in btc swing even just a little bit
September 30, 2018, 04:07:51 AM
BITCOIN is the inception of it's kind of Crypto currency lying on blockchain, numerous reasons behind & the whole world were amazed by the concept & how the world could be changed due to Blokchain. Bitcoin is the first use of it as currency. same time world realized that BTC is a currency & Payment gateway which solves most of problems in financial sector. Even a poorest can use BTC for buying some stuff for daily needs when the concept is developed & comes in the practical level. As a asset it is adopted & supported by many experts, Tech companies, Researching institutes etc. Still ALTS cannot replace BTC as a asset with level & amount of adoption by the world.
September 30, 2018, 03:48:30 AM
If a person manages to successfully hack Bitcoin, he or she will easily top the Forbes’ Billionaires List at #1.
What the heck are you saying, man? Do you mean hack the Blockchain Network of Bitcoin and get all the bitcoin on every wallet? seriously 
Don't you know that Bitcoin is unhackable and no one can do this even the greatest hackers cannot penetrate Bitcoin's Blockchain Network and its security that has been proven for almost a decade?
Bitcoin's Blockchain is used and run by millions of users worldwide(distributed ledger) on their own personal computers and this is one of the main reasons why Bitcoin is tamper proof and impossible to get hacked.
no no no no
you're wrong about this
if that happens, that person won't become number 1 at the Forbes' Billionaires List
because at that moment bitcoin becomes worthless at all
that's funny if you think like that, why do people still want bitcoin if bitcoin can be hacked easily?
I think he is just daydreaming and knows nothing about Bitcoin and its Blockchain system lol. you're wrong about this
if that happens, that person won't become number 1 at the Forbes' Billionaires List
because at that moment bitcoin becomes worthless at all
that's funny if you think like that, why do people still want bitcoin if bitcoin can be hacked easily?
September 30, 2018, 03:42:34 AM
As far as I'm concerned, Bitcoin is more worth than other cryptocurrencies because It was the first coin in this market and limited supply
September 30, 2018, 03:34:14 AM
because bitcoin is the first crypto in the world and big investors have invested their money in bitcoin. after many altcoins appear with specifications better than bitcoin, but bitcoin already has high demands and the price is too far from the altcoin.
that's just my opinion, because there is no valid theory about it.
that's just my opinion, because there is no valid theory about it.
September 29, 2018, 06:54:22 PM
If a person manages to successfully hack Bitcoin, he or she will easily top the Forbes’ Billionaires List at #1.
no no no no
you're wrong about this
if that happens, that person won't become number 1 at the Forbes' Billionaires List
because at that moment bitcoin becomes worthless at all
that's funny if you think like that, why do people still want bitcoin if bitcoin can be hacked easily?
September 29, 2018, 06:44:00 PM
Beacuase it's an older coin widely accepted by many people over the world. But it may be changes as people start using other coins.Like Monero on dark web. Where BTC volume reduce and Monero volume increased.
I don't think Bitcoin being the oldest cryptocurrency is the reason why its worth more than the other cryptocurrencies. The market price of Bitcoin is determined by people with huge number of bitcoins. They either increase the supply rate of bitcoin or decrease the supply rate, which affects the market worth of bitcoin. Jump to: